Are We Really In A Bull Market For Gold, Silver, And Miners? Video
Chris sits down with Charlotte Mcleod from Investing News Network INN to discuss Gold, Silver, and Miners’ recent activities.
There has been a lot going on with gold in the last several weeks. From a technical perspective, we are back into a bull market mode with gold stocks and precious metals in general. Looking at the price of gold on the quarterly chart, gold is about to break through all-time highs. Based on the quarterly chart pattern, and using a Fibonacci extension, we can see a very big move over the next year and a half.
Volatility remains very high, most commodities are moving up or down 5%, 10%, or 15% on a daily basis, making trades high risk. Alas, volatility will be here to stay for a while. In my opinion, a lot of this has to do with the stock market likely being in the late stages of topping out. It may only take one more drop of 5-8% to have people panicking and getting out of the markets altogether.
Looking at the big picture, the stock market doesn’t have a whole lot of upside potential left. We are still in a healthy correction however there are warning signs that a bearish stage may be on the horizon. Having said that, technical indicators say we are still in a bull market.
Other topics covered in the interview – inflation, oil/gas prices, currencies, silver, commodities supercycle, and how to balance out the momentum surge brought on by news-based global events.
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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.